Pyrmont and the Western Harbour precinct will be transformed into the next jobs hub and economic driver of Sydney under a NSW Government plan to revitalise the key inner-city precinct.
Premier Gladys Berejiklian made the announcement following the release of the Greater Sydney Commission’s (GSC) review into the area’s planning rules.
“Today we are sending a clear message that Pyrmont is open for business and ready to be taken to the next level,” Ms Berejiklian said.
“We are, for the first time, treating Pyrmont and the Western Harbour precinct as the gateway to the CBD.
“For our city and State to continue to be the jobs capital of the nation, we need this area to be revitalised. We have successfully transformed Barangaroo into a spectacular waterfront precinct and are in the midst of revitalising Central.
“Pyrmont is the next frontier.”
Planning and Public Spaces Minister Rob Stokes said the NSW Government would immediately move to amend the planning controls with a focus on jobs and economic activity to better support proposals to develop the area.
“We can support larger-scale development and maintain the unique heritage nature of Pyrmont – it’s not an ‘either/or’ choice,” Mr Stokes said.
“However, we must plan for the precinct strategically, rather than on a site-by-site basis, to ensure the long-term liveabilty and sustainability of the area.”
The NSW Government will fast-track work to investigate the feasibility of building a Metro station in Pyrmont to support greater density and jobs in the area.
Mr Stokes said the Government would also ensure there is greater coordination of large scale developments in Pyrmont, including the Powerhouse, Bays Precinct, Harbourside Shopping Centre, University of Technology Sydney expansion, the Star casino and the existing and future Fish Market sites.
“This is our opportunity to work together to develop a vision and collaboratively plan for the future of Pyrmont, which hasn’t been done in more than 20 years,” Mr Stokes said.
“This is a prime jobs and tourism precinct on the fringe of the CBD which will become increasingly important as our city grows.”
The NSW Government has accepted the three key recommendations of the GSC report.